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1622 W 50Th St, Los Angeles, CA 90062
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1622 W 50Th St Los Angeles, CA 90062

$800,000
  • 24 Beds
  • 12 Baths
  • 2,008 Sq.Ft.
For Sale
$800,000 Get Pre-Qualified
Map preview of 1622 W 50Th St, Los Angeles, CA 90062

Property Overview: 1622 W 50Th St Los Angeles, CA has 24 bedrooms, 12 bathrooms, 2,008 living square feet and 5,363 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Welcome to this Craftsman bungalow home with a duplex in the back. One unit is delivered vacant! Live in one and let the rental income from the other 2 units pay your mortgage. Perfect for an owner user or an investor. Ask about the Fannie Mae conventional loan with only 5% down for owner-occupied units!

Listed by Robert A Rodriguez | BRE #01939553 | Compass
Last checked: 10 minutes ago | Last updated: June 13th, 2024 | Source CRMLS | DOM: 21
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Home details

Lot Sq. Ft
5,363
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24397669
City
Los Angeles
County
Los Angeles
Time on Site
20 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 6
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,121
  • Total Rent: $2,121
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
Unit Breakdown 3
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $984
  • Total Rent: $984
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 138.65
  • Gross Scheduled Income: --
  • Net Operating Income: $13,921
  • Gross Operating Income: $14,352
Annual Expense Breakdown
  • Total Operating Expense: --
  • Water/Sewer: $400

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Property Details for 1622 W 50Th St

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: One
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • Has Parking
  • Parking Features: Driveway
Property Information
  • Total # of Units: 3
  • Parcel Number: 5016036025
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: From Western Ave head East on 50th St the home will be on your right.
View more facts & features

Local Los Angeles Agent

Sale History for 1622 W 50Th St

Last sold for $390,000 on July 23rd, 2004

  • June, 2024

  • Jun 5, 2024

    Date

    Active

    CRMLS: 24397669

    $800,000

    Price

  • July, 2004

  • Jul 23, 2004

    Date

    Sold (Public Records)

    Public Records

    $390,000

    Price

  • June, 2003

  • Jun 27, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 1622 W 50Th St

Assessed Value (2020): $497,386
Year Land Value Improved Value Assessed Value
2020 $325,007 $172,379 $497,386

Home Value Compared to the Market

This property vs the competition

1622 W 50Th St is listed 35.95% lower than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $778 and this home is listed at $398.41 per/sqft which puts the price per square foot 48.79% lower than the median price per square foot for the city of Los Angeles.

About 1622 W 50Th St

Detailed summary of property

1622 W 50Th St is a multi family located in Los Angeles, CA 90062 and is currently for sale. This multi family property offers 24 bedrooms, 12 bathrooms, roughly 2,008 living square feet, and sits on an approximately 5,363 square foot lot. 1622 W 50Th St was first listed on ArdentRealEstateGroup.com on June 5, 2024. The homeowner is currently asking $800,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $778. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 35.95% lower than the median priced home. Local competing homes currently for sale include 5739 S St. Andrews Pl, 5175 S Van Ness Ave and 1745 59th Pl. While the average home in Los Angeles, CA is selling in 98 days, 1622 W 50Th St has a days on market of 21 days. There are currently 4006 homes for sale in the Los Angeles real estate market and 2700 of them are single family homes while 1190 of them are condos and 109 are townhomes. For more information on this home for sale at 1622 W 50Th St Los Angeles, CA 90062 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1622 W 50Th St

Public county record property details
Beds
4
Baths
3
Year built
1925
Sq. Ft.
2,008
Lot Size
5,362
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
120
APN
5016-036-025

The source for these homes facts are from public records.

90062 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$875,000
Median List Price/Sq.Ft.
$575
Median Sold Price
$785,000
Median Sold Price/Sq.Ft.
$601
Total Inventory
37
Median Sale to List Price %
101.29%
Avg Days on Market
42
Loan Type
Conventional (50%), FHA (16.67%), VA (0%), Cash (16.67%), Other (16.67%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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